Can I retire at age 50 with 922,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$76,138$75,460$74,798$74,152$73,522$71,861
2 years$37,692$36,990$36,310$35,650$35,010$33,346
3 years$24,878$24,173$23,495$22,841$22,212$20,596
4 years$18,473$17,770$17,098$16,456$15,842$14,287
5 years$14,631$13,932$13,269$12,640$12,043$10,553
6 years$12,070$11,376$10,723$10,108$9,529$8,106
7 years$10,241$9,554$8,911$8,310$7,750$6,394
8 years$8,871$8,189$7,557$6,971$6,429$5,140
9 years$7,805$7,130$6,509$5,938$5,414$4,191
10 years$6,953$6,285$5,675$5,119$4,613$3,454
11 years$6,257$5,595$4,996$4,455$3,967$2,871
12 years$5,677$5,022$4,434$3,907$3,438$2,403
13 years$5,186$4,538$3,961$3,450$2,998$2,022
14 years$4,766$4,125$3,559$3,062$2,628$1,709
15 years$4,403$3,769$3,214$2,731$2,314$1,450
16 years$4,085$3,458$2,914$2,445$2,045$1,233
17 years$3,805$3,184$2,651$2,197$1,813$1,052
18 years$3,556$2,942$2,420$1,980$1,612$900
19 years$3,333$2,727$2,216$1,789$1,437$771
20 years$3,134$2,534$2,033$1,620$1,284$661
21 years$2,953$2,360$1,870$1,471$1,149$568
22 years$2,789$2,203$1,724$1,337$1,030$488
23 years$2,640$2,061$1,592$1,218$924$420
24 years$2,503$1,931$1,472$1,111$831$362
25 years$2,377$1,812$1,363$1,014$748$312
26 years$2,261$1,703$1,264$927$673$269
27 years$2,154$1,603$1,174$849$607$232
28 years$2,055$1,510$1,091$778$548$201
29 years$1,963$1,425$1,016$713$495$173
30 years$1,877$1,345$946$655$447$150
31 years$1,797$1,272$882$601$404$129
32 years$1,722$1,203$823$552$366$112
33 years$1,651$1,140$768$508$331$97
34 years$1,585$1,080$718$467$300$84
35 years$1,523$1,025$671$430$271$72
36 years$1,464$972$628$396$246$63
37 years$1,409$924$588$365$223$54
38 years$1,357$878$550$337$202$47
39 years$1,307$835$516$310$183$41
40 years$1,261$794$483$286$166$35
41 years$1,216$756$453$264$151$30
42 years$1,174$720$425$244$137$26
43 years$1,134$686$399$225$124$23
44 years$1,095$654$374$208$113$20
45 years$1,059$623$352$192$102$17
46 years$1,024$595$330$177$93$15
47 years$991$568$310$164$84$13
48 years$959$542$292$151$77$11
49 years$929$517$274$140$70$10
50 years$900$494$258$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $922,000, adding $3,101 every year, while hoping to spend $47,334 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 24/50/26 Blend
49$922,000$922,000$922,000$922,000
50$1,019,243$970,377$956,086$1,035,257
51$1,072,842$967,562$937,752$1,046,120
52$1,130,323$963,023$917,217$1,053,516
53$1,192,030$956,626$894,358$1,060,432
54$1,258,343$948,226$869,045$1,066,861
55$1,329,679$937,675$841,143$1,072,797
56$1,406,496$924,810$810,510$1,078,238
57$1,489,295$909,462$776,999$1,083,189
58$1,578,629$891,451$740,454$1,087,659
59$1,675,103$870,587$700,714$1,091,667
60$1,779,385$846,667$657,609$1,095,236
61$1,892,207$819,478$610,963$1,098,401
62$2,014,373$788,793$560,591$1,101,206
63$2,146,768$754,373$506,301$1,103,710
64$2,290,366$715,965$447,889$1,105,980
65$2,446,237$673,301$385,147$1,108,105
66$2,615,557$626,097$317,854$1,110,188
67$2,799,623$574,055$245,781$1,112,352
68$2,999,857$516,856$168,687$1,114,743
69$3,217,827$454,167$86,323$1,117,535
70$3,455,258$385,633$0$1,120,926
71$3,714,046$310,881$0$1,125,587
72$3,996,282$229,517$0$1,156,934
73$4,304,262$141,123$0$1,191,384
74$4,640,518$45,259$0$1,229,374
75$5,007,834$0$0$1,271,397
76$5,409,277$0$0$1,350,212
77$5,848,223$0$0$1,463,771
78$6,328,388$0$0$1,588,151
79$6,853,864$0$0$1,724,434
80$7,429,159$0$0$1,873,807
81$8,059,234$0$0$2,037,581
82$8,749,554$0$0$2,217,198
83$9,506,137$0$0$2,414,247
84$10,335,612$0$0$2,630,479
85$11,245,279$0$0$2,867,820
86$12,243,177$0$0$3,128,395
87$13,338,165$0$0$3,414,542
88$14,539,995$0$0$3,728,839
89$15,859,415$0$0$4,074,123
90$17,308,260$0$0$4,453,522
91$18,899,569$0$0$4,870,480
92$20,647,707$0$0$5,328,793
93$22,568,497$0$0$5,832,642
94$24,679,372$0$0$6,386,633
95$26,999,535$0$0$6,995,842
96$29,550,146$0$0$7,665,861
97$32,354,514$0$0$8,402,848
98$35,438,320$0$0$9,213,594
99$38,829,859$0$0$10,105,575
100$42,560,305$0$0$11,087,033